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Loss for Spotify – the forecast is raised

something otippade profit in the fourth quarter was temporary, at least for the time. During the first quarter it was a loss again for musikjätten Spotify.

Kvartalsförlusten landed on the eur 47 million, corresponding to sek 500 million, better than what management had anticipated. During the corresponding period of the previous year, there was a loss of eur 41 million.

142 million, or sek 1.5 billion.

But cash flow rose from eur 74 million to eur 173 million for the first quarter of this year.

Revenue rose 33 percent, from 1.139 million to sek 1,511 million. The number of premiumabonnenter, those who pay, grew by 32 percent and reached 100 million, which was at the top of senior management's own forecast, but the growth was lower than at the end of last year. The growth was driven by better than expected development in the united states and Canada.

the per-user lay in the nearest stationary at the 4:71 eur. The decline has come to a standstill, and the management expects that the average revenue continues down in the order of a few percent during the rest of the year.

On the giant indian market, where the company recently entered, and in addition, encountered on patrol, said Spotify had two million users.

a forecast for the full year 2019, the track management to the operating loss lands in the range of 180-340 million, slightly better than the forecast (200-360), which the company left in the previous report. Revenue is expected to be between of 6.35 and 6.8 billion euros.

also Read: Spotify notifies Apple of the EU

Read also: Högerextrem podcast will be published on Spotify

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